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Property profile & analytics
OFF-MARKET
Office buildings
163 D St, Independence, OR 97351-2406
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0303477
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Total area
1,651 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CR
APN
08428-BD-00700
UPID
US71-0303477
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Liz Boisvert | eXp Realty, LLC | Independence Real Estate Agency
-
Always Home With Liz and Bill Real Estate Agency
-
Jeannie Scott eXp Realty LLC Real Estate Agency
-
Cascadia Consulting Partnership's Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Greenwood Group INC · 4 yrs held
Greenwood Group INC
since 2021
Last sale
$310,000
7 recorded transactions
Zoning & alternative use
CR · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,155
Tax year 2023
Assessed value
$217,160
Assessed 2023
Previous assessed
$210,840
+3.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$51,520
Assessed improvement
$165,640
Land market value
$135,800
Improvement market value
$201,860
Total market value
$337,660
Applied tax rate
1,344.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
1,651 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CR
APN
08428-BD-00700
UPID
US71-0303477
Jurisdiction
POLK
Zoning & alternative use
CR · Independence, OR
Zoning CR · permitted uses
CR · Independence, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Greenwood Group INC
Entity
Mailing address
739 D ST, INDEPENDENCE, OR 97351-1420
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$310,000
Greenwood Group INC
Divide By Zero Investments LLC
Warranty Deed
$248,000 · Umpqua Bank
Feb 26, 2013
$44,764
C & R Land Co LLC
Foster Investment Co LLC
Quit Claim Deed
related
—
Feb 11, 2013
—
C & R Land Co LLC
Foster Investment Co LLC
Quit Claim Deed
related
—
Mar 25, 2005
$52,055
Divide By Zero Investments LLC
Foster Investment Co LLC
Warranty Deed
$17,346 · Foster Investment Co LLC
Jan 3, 2005
$103,000
Foster Investment Co LLC
Federal National Mortgage Assn
Grant Deed
—
Oct 13, 2004
$102,093
Washington Mutual Bank Fa
Sutherland,kelly D
Trustees Deed
related
—
Oct 13, 2004
—
Federal National Mortgage Assn
Washington Mutual Bank Fa
Warranty Deed
related
—
Aug 31, 2000
$115,000
Rita S Thorson
Denney,thelma I & Lloyd D
Grant Deed
$109,250 · Washington Mutual Fsb
Mar 30, 1999
—
Thelma I Denney
Denney,thelma I & Lloyd D
Quit Claim Deed
related
$60,000 · Standard Federal Bank
Jul 31, 1998
$30,000
Thelma I Denney
Cooper,sharon M
Grant Deed
$50,000 · Norwest Mortgage INC
Dec 12, 1997
$35,000
Thelma I Denney
Cooper,sharon M
Grant Deed
—
Jun 17, 1996
—
Sharon M Cooper
Whelchel,wanda M
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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